Gold Smuggling Crackdown: DRI Recovers 88kg Gold and Jewellery in Ahmedabad Raid
Summary: In a significant blow to illegal activities, the Directorate of Revenue Intelligence (DRI) conducted a raid at a residential flat in Ahmedabad, Gujarat, in collaboration with the Gujarat Anti-Terrorism Squad (ATS) and recovered 88kg of gold, 19.66kg of jewelry, and other valuables, worth an estimated ₹100 crores.
Introduction
Athletes’ hearts will be racing with determination to win, but not as much as the country’s revenue intelligence agencies are racing to combat the pervasive issue of gold smuggling. An operation led by the Directorate of Revenue Intelligence (DRI) at a residential flat in Paldi, Ahmedabad, on March 17, 2025, yielded a staggering haul of 88kg gold and 19.66kg of jewelry, valued at approximately ₹100 crores.
Crackdown on Gold Smuggling
• The operation was conducted in collaboration with the Gujarat Anti-Terrorism Squad (ATS) based on inputs received from the ATS.
• The DRI recovered 87.92 kilograms of gold bars, valued at around ₹80 crores, with majority of the gold bars bearing foreign markings, indicating they were smuggled into India.
• Other items recovered include 11 luxury watches, including a Patek Philippe watch studded with diamonds, a Jacob & Co timepiece, and a Franck Muller watch, and jewelry weighing 19.66 kilograms, studded with diamonds and other precious stones.
Investigation Ongoing
The government claims this operation represents a significant blow to illegal activities and highlights DRI’s efforts in curbing smuggling and black money generation in the country. The investigations are still ongoing, and the valuation of the seized items is in progress.
Conclusion
The DRI’s crackdown on gold smuggling sends a strong message that the Indian government is committed to combating illicit activities and ensuring the country’s economy remains stable. This operation is a testament to the DRI’s tireless efforts to curb the illegal trade and restore confidence in the country’s financial systems.
Keywords: Gold Smuggling, DRI, Gujarat, Ahmedabad, Gold Bars, Jewelry, Luxury Watches, India, Black Money, Smuggling, Anti-Terrorism Squad, Revenue Intelligence.
Hashtags: #GoldSmuggling #DRI #Gujarat #India #Economy #BlackMoney #AntiSmuggling #TerrorismSquad
